Albidon Suspends Operations at Munali Indefinitely

- November 11th, 2011

Mining Weekly reported Albidon’s (ASX:ALB) difficulties deepened on Friday, as it suspended operations at its Munali nickel mine, in Zambia.

Mining Weekly reported Albidon’s (ASX:ALB) difficulties deepened on Friday, as it suspended operations at its Munali nickel mine, in Zambia.

As quoted in the market news:

The company said in a statement that it was experiencing “serious cash flow difficulties” as the Munali operation delivered less-than-budgeted nickel recoveries and global nickel prices dropped sharply

Click here to read the full Mining Weekly report.

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